Griffith University’s reputation as a world leader in business education has been enhanced after Griffith Business School’s AACSB International accreditation was extended last month.
The Association to Advance Collegiate Schools of Business accreditation remains the hallmark of excellence in business education, and has been earned by less than five percent of the world’s business schools.
Griffith Business School is in the company of Harvard, Yale and London Business School in securing the prestigious international recognition.
Griffith was only the fifth university in Australia when first awarded the accreditation in 2009. Today, there are more than 687 business schools in 45 countries and territories that have earned AACSB accreditation.
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Griffith University Pro Vice Chancellor (Business) Professor Michael Powell said the announcement represented international acknowledgment of the first class business education on offer to students at Griffith.
“AACSB International accreditation is globally recognised as one of the highest achievements for an educational institution that awards business degrees,” Professor Powell said.
“It sets rigorous standards for business educators and the accreditation assessment process requires each business school to demonstrate excellence in every facet.”
Griffith Business School was among 46 business schools in the USA, Canada, China, France and Australia to extend their accreditation in business in December.
“Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students,” Robert D. Reid, executive vice president and chief accreditation officer of AACSB International, said.
The AACSB Accreditation brought the curtain down on a strong 2013 for Griffith Business School, with its MBA also gaining significant recognition.
After ranking inside Australia’s top 10 in the 2013 Financial Review BOSS Magazine MBA survey in September, the Griffith MBA also retained its 5-star rating from the Graduate Management Association of Australia (GMAA).
The Griffith MBA also took out the Learning and Teaching category at the Green Gown Awards Australasia.